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Foreclosure in Tarrant County : Real Estate Advice

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  • Home Buying15
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Activity 68
Thu Apr 22, 2010
Jackie Rankin answered:
Good question. I would say to ask a tax specialist that question. Are you under contract right now, because the credit is over April 30th.

Good luck,

0 votes 8 answers Share Flag
Thu Feb 18, 2010
Ronda Allen answered:
In MANY cases, the loan mitigation area is a completely separate department (and even location) from the foreclosure department. Try calling again, but asking for the foreclosure department. Your file may have moved, so the mitigation area isn't even concerned with you any more. Keep in mind that, if you are with a large lender, you are one of many thousands of files they're working. If you had 1,000 files on your desk right now all demanding attention, you'd likely be burnt out and unmovitated, too. That's how these people feel. They didn't cause the problem and they're working with hundreds of dozens more files than they've ever encountered. The 'big brother' you want to tell - I'd go straight to your city and state representatives. Government is compounding the lending crisis in the way they are handling liens against some of these pre-foreclosure properties. It makes a nightmare of red tape for us to have to sort through when negotiating short sales in lieu of foreclosure. Call the lender, wait the 45 minutes on hold like we do. Call your local city leaders. Follow up with an email. And, just start escalating it. The ex-husband may have gotten the ball rolling, but unless he was an 'ex' at the time you purchased the home and you have legal documents to prove it, the home could be considered an asset of community property. If you fell out of your payment schedule to the lender, the bank is totally within their rights to take the house. I also suggest you visit the website I noted.
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0 votes 7 answers Share Flag
Sun Apr 24, 2016
Don Tepper answered:
What your lawyer didn't make clear is that there's a complete difference between a court decree in a divorce and the documents you signed when purchasing.

The judge can order you all day to turn over your ownership interest to your ex. And you can. Problem is: Your lender doesn't care. Nor does it matter. Your name is on the mortgage. So you ended up with the worst of both possible worlds: No ownership interest and yet financial responsibility. All the judge was saying was that, as far as payment of support or alimony--or your contribution to the mortgage--you had no financial responsibility insofar as it involved the divorce. The judge had no ability to negate your mortgage documents.

Get yourself a lawyer. A competent one this time.

Good luck.
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0 votes 10 answers Share Flag
Sun Feb 6, 2011
Throughout our industry there are agents that focus specifically on foreclosures. You might call various brokers and ask for those agents.
0 votes 4 answers Share Flag
Sat Oct 3, 2009
Jon Sutton answered:
Check out and click on the "freddie mac foreclosures", "fannie mae foreclosures", and "hud foreclosures" tabs from the home page. Let me know if you see anything you are interested in and I will send you some additional information on them. Thanks. ... more
0 votes 6 answers Share Flag
Sun Jul 19, 2009
Dallas Texas answered:
Here is a direct link which might assist you.

However when you submit an offer you must have a lender approval letter attached.

Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor, and Credit Repair Consultant -
The Michael Group - "Dallas Business Journal 07’ & 08' list top realtors"
Dallas Loan Officer -
Dallas Real Estate Website: 60,000 listings Dallas homes for sale
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0 votes 2 answers Share Flag
Sat Jul 4, 2009
Anthony Allen answered:
1st you need to find out if your name is still on the deed. If you have a court order stating that you reliquished your rights you should be OK. If not you may still be on the hook. Either case you need legal assistance. My service will allow you free consultations & 25% off your legal fee ... more
0 votes 2 answers Share Flag
Sat Sep 8, 2012
Mich answered:
I would be more than happy to email you a list directly. Click on my name to get my contact info., and email me so I can send it. This list comes from the MLS, only Realtors can access it, any other websites are out-dated.
Thanks, Michaelle
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0 votes 7 answers Share Flag
Sat May 29, 2010
Dallas Texas answered:
You need to work direct with YOUR OWN buyer's agent WHO represents you obtain correct info. saves you much time and energy involved.

RULE OF THUMB: never purchase a home direct from following unless you have own agent:
Bank, builder, FSBO, listing agent, seller

If the home NOT gone thru entire process it could be months prior any paperwork completed:

Direct link of "real time active listings in Mansfield homes for sale

Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor, and Credit Repair Consultant -
The Michael Group - "Dallas Business Journal 08' list top realtors"
Dallas Loan Officer -
Dallas Real Estate Office: (972) 699-9111
Dallas Real Estate Website: 60,000 listings Dallas homes for sale
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0 votes 3 answers Share Flag
Sat Jun 20, 2009
Jon Sutton answered:
I have contacted the listing agent who had it listed before it was foreclosed. It is now showing up in the system as temporarily off the market. I should hear something back tomorrow if the bank will be looking at any offers at this time. I will let you know as soon as I hear something. Thanks. ... more
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Wed Apr 22, 2009
Margaret T. Hatcher answered:
It will be the courthouse of the County in which the property is located.
0 votes 2 answers Share Flag
Tue Mar 17, 2009
Eric Glassoff answered:
it takes 1 day on average but it can depend on how far away the seller is and what time zone and if they have a heavy work schedule.
0 votes 7 answers Share Flag
Thu Feb 19, 2009
Jon Sutton answered:
In the short run yes it will because more banks will be giving out loans to more people which means more offers that you as an investor will have to compete with. In the long run no it will not because this will drive the prices of homes up slowly as more and more people buy giving you a better return on investment when you sell later on down the road.

It is hard to generalize what banks will or won't do because there are to many vaiables. Different banks have different policies and every property is unique. For example a bank owned home that has been on the market for quite some time might look at an aggressive offer and be willing to act just to get it off of their books. On the other hand if a bank owned home is fairly new on the market they might sit on it for a while before looking at more aggressive offers.

At the end of the day good deals ARE happening and now is the time to act. Market shifts happen very quickly and Ft Worth, Dallas, and Houston markets are the top 3 least risky markets in the nation for price decreases (less than a 1% chance in 2 years). If you would like an executive market report done by Residential Strategies please contact me and I will send it to you immediately.
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0 votes 1 answer Share Flag
Wed Feb 18, 2009
Jim Mcninch answered:
I am not sure how it works in Ohio, but in Texas we have the ability to meet with our tax department annually and contest the property tax appraisal. This lowers the appraised value of the property, thus the amount of taxes we pay.

If you have that ability, arm yourself with good area comps, as well as current pictures and required repairs of the property - anything to justify the current value. You may not get it down to the auction sale price, but you should be able to get a significant discount.
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0 votes 4 answers Share Flag
Sun Feb 8, 2009
Chris Nast, ABR, CSP answered:
You can get info on Government foreclosures from FHA, VA on site below.
If you are looking for bank foreclosures all the sites that advertise "free" lists want money to show you the information you need to contact someone regarding a property. BEWARE: most of these sites have info that can be old and outdated. Try finding a Realtor in your area who specializes in foreclosures. Chances are they are already paying for a service provider for the info.
Good luck!
Chris Nast
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0 votes 10 answers Share Flag
Mon Dec 3, 2012
Bruce Lynn answered:
Nagendra. Unfortunately it is unethical for us to quote or predict future prices.
In general though I think Colleyville is an excellent place to live and buy.

Bruce Lynn
Prudential Texas Properties Colleyville
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0 votes 14 answers Share Flag
Sat Nov 29, 2008
Kim Hayes answered:
I could be wrong because the website I’m pulling from doesn’t give me detailed information without a paid membership. However, it does give me listings of foreclosures, sheriff sale or a tax lien. Some properties under the foreclosure listing are also under the sheriff sale or tax lien listings, so sometimes that will give you an idea. If this is the property, and it may not be, (there may be two foreclosures on Kitty Dr. ) it looks like it’s sheriff sale because it’s being foreclosed on and not because there’s a lien on it. I will say this, under my listing, it’s showing at $96,000 and not $37,549. It’s possible the starting price is $37k but they think it could go up to $96k. If you are wanting to see if there’s a tax lien against it, go to the county assessor’s website for Tarrant County. Tax records and tax liens are public knowledge. (free to the public) Not everyone knows that. Hope this helps! ... more
0 votes 2 answers Share Flag
Mon Oct 27, 2008
Inna Razumova answered:
At the property or town hall
0 votes 4 answers Share Flag
Fri Jan 24, 2014
Christi Cooke answered:
Terry -

This home has sold. I would love to help you with other properties.
You can reach me @:

Christi Cooke
(817) 980-5970
Keller Williams Realty
0 votes 1 answer Share Flag
Fri Jan 28, 2011
Janine Love answered:
Normally a 3 Day Notice is sent over by an attorney's office. If an agent has been assigned to the home already, they may offer a CFK Letter (Cash For Keys) Notice asking that you move by a certain day/time, clean sweep the home (removing everything and leaving it in good condition) and they meet with you on the date agreed upon and give you the check when you turn over the keys. Not all banks do this, but most do. If you receive a 3 Day Notice and do not vacate by that time, the attorney will file eviction proceedings with the court. This can take anywhere from 2-5 weeks to get a court date for the eviction. If the court agrees with the eviction on the court date, they will normally give you an extra 6 days to get out. If you do not, a lock out will be arranged. A lockout is where a representative from the bank, the Constables/Sheriff's Dept come and a mover comes and they change the locks and move your stuff out of the home into a storage facility at your cost.

Hope this helps.
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